GBP/USD - "The British Pound had a much better week at the end of August. It rallied against the US Dollar both before and after Friday’s weaker-than-expected payrolls data, and it firmed against the Euro both before and after signs emerged that the European Central Bank may not announce a decision on reducing its monetary stimulus program for the Euro-Zone economy until October at the earliest because of the Euro’s strength. The week ahead is another relatively quiet one for economic data but it will be interesting to see whether the construction and service-sector PMIs on Monday and Tuesday also come in better than expected ahead of Friday’s batch of official data on industrial production, construction output and international trade."

[GBP - Construction PMI] = Level of a diffusion index based on surveyed purchasing managers in the construction industry.

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From official report :

"August survey data indicated that the UK
construction sector continued to experience a
slowdown this summer. Reduced levels of
commercial work were a key source of weakness,
which offset robust growth in residential building. There were also signs of a sustained soft patch
ahead, with new business volumes falling for the
second month running. Survey respondents linked
subdued demand to reduced business investment
and heightened economic uncertainty. As a result, construction firms exerted greater caution in terms of
their staff hiring, with employment numbers rising at
the slowest pace since July 2016."

"At 51.1 in August, the seasonally adjusted IHS
Markit/CIPS UK Construction Purchasing
Managers’ Index®
(PMI®
) remained above the 50.0
no-change threshold for the twelfth month running.
However, the latest reading was down from 51.9 in
July and pointed to the weakest overall UK
construction performance since August 2016. A key
reason for the slowdown was a lack of new orders to
replace completed projects, according the survey
respondents."

Weekly GBP/USD Outlook: 2017, September 10 - September 17(based on the article)

"Looking ahead to the coming week, after the focus on the dollar and the euro over the last couple of weeks, it is the turn of the pound to be in focus in the coming week as we have the CPI data and the rate announcement and statement from the BOE. We also have the CPI and PPI data from the US in the coming week and a combination of all these should guarantee a lot of volatility in the GBPUSD pair. The price is now in a key region and clean and clear break through 1.3260 should carry the pair towards 1.34 and 1.35 while a dovish BOE is likely to push the pair back towards 1.30."

GBP/USD - intra-day bullish ranging within narrow s/r levels waiting for the strong trend to be started(based on the article)

H4 price is located far above 100 SMA/200 SMA in the bullish area of the chart. The price is on ranging within 1.3223 resistance level for the bullish trend to be continuing and 1.3158 support level for the secondary correction to be started.

"For GBP-weakness plays, traders may want to look away from the U.S. Dollar. The back-breaking down-trend in the U.S. Dollar could add complication to such strategies, and in order to sell GBP, traders may be better served by matching up what could be a weak British Pound with a currency that has recently displayed some element of strength, such as the Euro. EUR/GBP is closing in on what could be a very interesting level for such strategies around the .9000-area on the pair. "

"For GBP-strength, traders will likely want to exercise some patience here. One potential option is looking for higher-low support around 1.3117 in GBP/USD. The key to such an approach will be confirming that support is actually showing at the level, rather than buying on the first print below. But if this doesn’t show up, traders may have to contend with a short-term breakout. To approach such a scenario, traders can first let this batch of resistance around 1.3250 give way before plotting longer-term bullish approaches. Just above this resistance is a potentially huge zone around 1.3500, which has some historic implications for the pair. This level had helped to set the ‘Financial Collapse’ low for more than seven years (until Brexit came into the equation), and just 22 pips below we have the 50% retracement of the ‘Brexit move’ in GBP/USD. This could be an idea level to look for a near-term higher-high to prelude a higher-low support entry. Higher low support at 1.3350 or 1.3250 could be accommodative for longer-term bullish exposure in GBP."

Weekly price is breaking Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. If the price breaks 1.3267 resistance to above on weekly close bar so we may see the reversal of the weekly price movement to the primary bullish market condition.

[USD - PPI] = Change in the price of finished goods and services sold by producers.

==========

From official report :

"The Producer Price Index for final demand advanced 0.2 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices edged down 0.1 percent in July and moved up 0.1 percent in June. (See table A.) On an unadjusted basis, the final demand index increased 2.4 percent for the 12 months ended in August."